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Thread: **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition

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06-02-2021, 10:28 AM
#2881
alright im lost
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06-02-2021, 10:33 AM
#2882
Originally Posted By Duckliver⏩
Was no longer detached and rational during the spikes. Pulled the plug on everything.

Walked away with 56k profit and not getting back in most likely. My emotions couldn’t handle it anymore, been a long 3 months.
Fuking well played bro

I remember you talking allot about GME past 3 months
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06-02-2021, 10:39 AM
#2883
fuaaaarrrkkkkk amcccc!
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06-02-2021, 10:39 AM
#2884
amc ITM calls 359,928 ONLY 9,287 OTM

strong lulz
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06-02-2021, 10:43 AM
#2885
i thought halts only happened when a large volume of shares is either sold or bought
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06-02-2021, 10:45 AM
#2886
nah its being halted due to implied volatility

its now 1000 percent IV
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06-02-2021, 10:46 AM
#2887
Originally Posted By Duckliver⏩
Was no longer detached and rational during the spikes. Pulled the plug on everything.

Walked away with 56k profit and not getting back in most likely. My emotions couldn’t handle it anymore, been a long 3 months.
mirin.

56k profit is unreal. gjdm
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06-02-2021, 11:00 AM
#2888
lol i have a 15p expiring friday and every time it halts i shoot up 20k+ and right back dwn when it unhalts. ****ing with my emotions man
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06-02-2021, 11:01 AM
#2889
Yes congrats to everyone printing today.
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06-02-2021, 11:02 AM
#2890
Originally Posted By ListenHereBruh⏩
lol i have a 15p expiring friday and every time it halts i shoot up 20k+ and right back dwn when it unhalts. ****ing with my emotions man
Lol it’s because the bid is 0.00 and ask is 10.00. Relax, the true value is like 0.04
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06-02-2021, 11:11 AM
#2891
Originally Posted By Elias373⏩
Why do I get the feeling this wont end well for anyone… if the big guys go down they they'll make sure to take everyone else with them, no? Smells a bit like 2007
Trying to figure out if I want to reallocate my 401k out of stocks because it feels like a legit storm is coming.
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06-02-2021, 11:20 AM
#2892
Originally Posted By illriginalized⏩
Word.

I’m getting their piece of the pie for payback.

They’ve taken down God knows how many companies using naked short selling.
How does naked short selling take down a company?
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06-02-2021, 11:29 AM
#2893
AHT baby
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06-02-2021, 11:30 AM
#2894
Originally Posted By Destor⏩
How does naked short selling take down a company?
ie you know that GME is dying business model


so you do this





/the end
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06-02-2021, 11:30 AM
#2895
Originally Posted By illriginalized⏩
YouTube took down the video:

https://archive.org/details/videoplayback_20210423
Originally Posted By Destor⏩
How does naked short selling take down a company?

Watch the video if you really want to know
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06-02-2021, 11:31 AM
#2896
Amc nearly bankrupt to over 30b market cap…clown world
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06-02-2021, 11:32 AM
#2897
Originally Posted By Carbonfibre⏩
ie you know that GME is dying business model


so you do this





/the end
Well shorting and naked shorting are different
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06-02-2021, 11:35 AM
#2898
Originally Posted By Carbonfibre⏩
ie you know that GME is dying business model

so you do this



/the end
I’m just not clear on how this has any impact on the viability of a company. Companies exist by providing a service/product, incurring costs, and generating revenue and price fluctuations in the stock market have no bearing on any of it

Companies can even exist without being publicly traded
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06-02-2021, 11:38 AM
#2899
Originally Posted By JoshSP1985⏩
Well shorting and naked shorting are different
I copied the wrong image.


what AMC is doing right now is combo of many things

1. gamma squeeze
2. fomo
3. someone covering


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06-02-2021, 11:50 AM
#2900
Originally Posted By Destor⏩
How does naked short selling take down a company?
It doesn't.
"It won't get better, just different."
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06-02-2021, 11:55 AM
#2901
i low key hate seeing **** like this….ive been keeping my investing pretty safe, blue chips and such…and aside from the gains i made off tesla, i feel like i may as well have kept all my money in a savings acct(srs)

all this pump n dumping makes me super envious of everybody who follows it and is able to profit, i just dont have the balls to throw money in….but it almost seems like free money whenever reddit gives the greenlight on a meme stock…fuark


TLDR: fomo/10
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06-02-2021, 11:56 AM
#2902
82 and 300 by EOD (lots of talk about those numbers)

what a day!
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06-02-2021, 12:00 PM
#2903
Originally Posted By A1lthatrema1ns⏩
i low key hate seeing **** like this….ive been keeping my investing pretty safe, blue chips and such…and aside from the gains i made off tesla, i feel like i may as well have kept all my money in a savings acct(srs)

all this pump n dumping makes me super envious of everybody who follows it and is able to profit, i just dont have the balls to throw money in….but it almost seems like free money whenever reddit gives the greenlight on a meme stock…fuark


TLDR: fomo/10
People keep making the same excuse of not putting anything in.

You're too scared to throw in some lose change? Nobody is telling you to put in 50% of your income or life savings. I put in $160 and now got about $800. If AMC hits $100/share then I got $1300.

If I lose the $160, big whoop. That $160 would've most likely went to restaurant food, video games, Jordans, etc. Worthless things. I did myself a good service. Should've sold my $200in bitcoin and went more in AMC.
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06-02-2021, 12:01 PM
#2904
Originally Posted By chino3⏩
It doesn't.
Have worked for two publicly-traded companies now and my job is 80% focused on costs/revenue and profit margins, and not once has stock price or short selling come up when assessing the health of the business or future operations
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06-02-2021, 12:05 PM
#2905
Just sold all my SOFI and SKLZ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
See title.

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06-02-2021, 12:06 PM
#2906
Originally Posted By Destor⏩
Have worked for two publicly-traded companies now and my job is 80% focused on costs/revenue and profit margins, and not once has stock price or short selling come up when assessing the health of the business or future operations
100%

The people that say "This is revenge on the hedgies that bankrupted good companies!" are the same that believe in "short ladder attacks"
"It won't get better, just different."
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06-02-2021, 12:06 PM
#2907
Originally Posted By HMFIC_BROWSIN⏩
Meh not bad. Really wish upst was mooning tho.
Lmfao. It already mooned and is still up about 90%
See title.

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06-02-2021, 12:13 PM
#2908
call it now guys…


is AMC going to sell off into close or close strong.

i hope it plummets. i have a buy order at 45
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06-02-2021, 12:20 PM
#2909
Originally Posted By Duckliver⏩
Was no longer detached and rational during the spikes. Pulled the plug on everything.

Walked away with 56k profit and not getting back in most likely. My emotions couldn’t handle it anymore, been a long 3 months.
What's the process in paying taxes on that? I ask because I'm not trying to wait till the end of the year, would rather pay IRS now. I'm guessing with the short term capital gains tax, you're paying somewhere around 25%?
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06-02-2021, 12:22 PM
#2910
Originally Posted By MikeLowrrrey⏩
People keep making the same excuse of not putting anything in.

You're too scared to throw in some lose change? Nobody is telling you to put in 50% of your income or life savings. I put in $160 and now got about $800. If AMC hits $100/share then I got $1300.

If I lose the $160, big whoop. That $160 would've most likely went to restaurant food, video games, Jordans, etc. Worthless things. I did myself a good service. Should've sold my $200in bitcoin and went more in AMC.
This right here, back in January I basically cashed what amounted to roughly $2200 in credit card rewards I accumulated in 2020 and bought amc. That 2200 would've been long gone by now but instead I've been simply waiting for a week like this to finally reap the benefits.
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